The results posted by ATOSS Software AG for the first half of 2015 not only represent a seamless continuation of the last nine record years: They also reflect accelerating growth. The ATOSS business model remains both extremely successful and highly robust. The double-digit growth in sales offers clear evidence of the competitive strength of ATOSS, as well as illustrating the steadily increasing importance of workforce management as a corporate Instrument.
The company’s core software business accounted for EUR 13.0 million in sales (previous year: EUR 11.7 million), equating to 60 percent of the overall revenue total of EUR 21.7 million. Consulting, accounting for a share of 27 percent of total revenues, came in 18 percent higher than the year before thanks to the excellent order situation and an expansion in capacities. ATOSS also recorded hardware sales of EUR 2.2 million (previous year: EUR 1.7 million), as well as miscellaneous turnover of EUR 0.7 million (previous year: EUR 0.5 million).
Despite the increase in investments - particularly in research & development - relative to the year before as well as higher personnel costs coupled with the development in sales and customer service resources, operating profits increased strongly from EUR 4.7 last year to EUR 5.6 million. With positive financial earnings of EUR 0.3 million, earnings before taxes (EBT) climbed 15 percent to EUR 5.9 million while net income rose by 14 Percent to EUR 4.0 million. Earnings per share in the first half of 2015 amounted to EUR 1.00, up from EUR 0.88 in the year before. The return on sales based on EBIT came in slightly above the Management Board’s expectations at 26 percent.
This gratifying development in business also brought an increase in operating cash flow which climbed 70 percent to EUR 4.6 million (previous year: EUR 2.7 million). Consequently even after paying a dividend of EUR 0.88 per share (EUR 3.5 million) on April 29, 2015, by the end of June 2015 ATOSS still reported liquidity at group level of EUR 21.8 million (previous year: EUR 15.3 million). ATOSS continues to enjoy an excellent cash position and strong equity which together will safeguard the company’s outstanding future prospects.
The Management Board therefore continues to expect the highly positive development in business to be sustained in the remainder of financial year 2015 and anticipates another record year. Orders on hand for software licenses in particular in the amount of EUR 5.4 million (previous year: EUR 4.7 million) provide an excellent starting foundation. The EBIT margin is also expected to remain at around 25 percent despite further planned investments, mainly in sales and marketing to develop new markets, and the continuing high level of research and development expenditure which equates to around one fifth of sales revenues.
- August 14, 2015 Publication of the 6-monthly financial statements
- October 22, 2015 Press release announcing the 9-monthly financial statements
- Nov. 13, 2015 Publication of the 9-monthly financial statements
- Nov. 23-25, 2015 ATOSS at the German Equity Forum